Slovakia Lifts Koruna Value

Slovakia raised the value of its currency, the koruna, by 15% against the euro to ensure the country gets a strong conversion rate when it joins the euro zone in January.

The realignment, also sought by the Slovak government to hold down inflation, is likely to be the last independent act on exchange-rate policy by the Slovak central bank. The European Central Bank and the European Commission will set the final conversion rate by July 8....